Richemont Names New Chloe CEO Ahead of Riccardo Bellini's Departure
By Mauro Orru
Compagnie Financiere Richemont said Laurent Malecaze would succeed Riccardo Bellini as chief executive of Chloe after he decided not to renew his mandate at the helm of the brand.
The Swiss luxury group said Wednesday that Bellini would leave his role at Chloe by the end of December after four years in the role. Bellini oversaw a period of growth and transformation at the brand that saw the appointment of Chemena Kamali as new creative director and the development of her first Fall 24 collection.
"He has helped reconnect Chloe with its purpose, bringing a unique point of differentiation within the industry and laying the foundations for its next cycle of growth," said Philippe Fortunato, Chief Executive of Richemont's Fashion and Accessories Maisons.
Malecaze joins Chloe from Dunhill, where he oversaw a turnaround of the business over the past two years. He previously led AZ Factory, part of Richemont, and also served as chief executive of New York-based luxury multi-brand retailer The Webster.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
December 13, 2023 10:31 ET (15:31 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Powell Unfazed By Sticky Inflation, but Rate Cuts Are Far Off
-
After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued?
-
Best- and Worst-Performing Stocks of April 2024
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Small-Cap and Value Stocks Are Undervalued
-
Why We Expect the Job Market’s Slowdown to Renew in 2024
-
5 Undervalued Stocks to Buy to Play a Little Defense
-
10 Top-Performing Dividend Stocks of the Month
-
Marathon Petroleum Earnings: No Change to Competitive Position, but Shares Look Expensive
-
Charlie Munger and How Not to Invest
-
Look Inside Berkshire Hathaway’s Portfolio Before Its Annual Meeting
-
After Earnings, Is AT&T Stock a Buy, a Sell, or Fairly Valued?
-
Mastercard Earnings: A Stable Environment Highlights the Firm’s Strengths
-
Pfizer Earnings: Solid Results Supported by Steady Tracking Toward $4 Billion In Cost Cuts
-
Starbucks Earnings: Not a Lot to Like About Results as Global Traffic Sputters